GFL Environmental (GFL) said Friday that selling shareholders priced a secondary offering of roughly 16.6 million subordinate voting shares at $45.15 per share.
The company also said it agreed to buy back and cancel almost 1.3 million shares from RBC Dominion Securities as part of the deal.
A special committee of independent directors recommended the repurchase, and the board approved it after interested directors recused themselves, GFL said.
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